Apple UK announced today its first Pay as you Go iPhone 3G with prices ranging from £342.50 ($500) for the 8GB model and £391.45 ($570) for the 16GB.

Apple, and exclusive iPhone UK carrier, O2 started laying out plans earlier this year to bring this much demanded product to the UK in a Pay-As-You-Go version.

Now a reality, the plans will include unlimited browsing and Wi-Fi for the first 12 months after you activate your iPhone, but limited to only the UK area. After the first 12 months, the data plan changes to £10 per month.

Customers in the market for one of these must complete the following steps:

- Purchase an iPhone 3G from the Apple Online Store.
- Connect iPhone 3G to your computer, which opens iTunes. Follow the on screen instructions to set up your iPhone 3G.
- On your iPhone 3G, change the data settings (see Activation), then top up by a minimum of £10 to activate your iPhone.

Seems simple enough. Now if we could only get that deal here in the United States.